Hertz Corporation is reportedly considering selling over $700 million worth of secured debt and convertible notes as the company continues to navigate financial challenges. The move is aimed at bolstering its balance sheet. Following the news, Hertz's stock experienced a decline.
Hertz, seeking to bolster its balance sheet, is considering the sale of at least $700 million in secured debt as well as a convertible notes offering. $HTZ shares took a dive on this scoop w/ @irenegperez @DavidWelch47 & Reshmi Basu ⬇️ https://t.co/Kgy3QS66HG
Hertz Stock Drops on Report It Could Issue Debt, Convertibles https://t.co/Tkn0J9wSzV
Hertz Weighs $700 Million Sale of Secured Debt Plus Convertibles https://t.co/vWkrZzcfIL
Hertz Corporation is reportedly considering selling over $700 million worth of debt and convertibles as the company continues to navigate financial challenges. #Hertz #DebtSale
$HTZ HERTZ MULLS SELLING AT LEAST $700 MILLION OF DEBT & CONVERTIBLES.
HERTZ MULLS SELLING AT LEAST $700 MILLION OF DEBT, CONVERTIBLES $HTZ
Hertz’s stock sinks as CFO and COO to leave after less than a year in the roles https://t.co/uYApu5hlWI